Everest Europe

Everest boosts European footprint with trio of hires

2022-05-20T13:05:00+01:00

Everest Insurance has announced the appointments of Anne Charon, Bernd Wiemann and Joe Ramon Morales to lead its operations in France, Germany and Spain respectively as it seeks to grow its European business.

Perils Europe

Perils increases February European storm loss estimate to €3.61bn

2022-05-20T06:40:00+01:00

Loss aggregator Perils has disclosed its second loss estimate for the European windstorms which affected the British Isles and continental Europe from 16-21 February 2022, pegging insured losses at €3.61bn ($3.82bn).

Beazley – Europe

Beazley eyes $1bn European platform opportunity as cyber helps fuel growth

2022-05-19T06:38:00+01:00

Beazley CEO Adrian Cox has described the group’s domestic European platform as a $1bn opportunity over the next 10-15 years amid rising demand for the specialty products offered by the carrier.

Howden Sweden

Howden builds executive team with double Swedish swoop from WTW

2022-05-19T12:30:00+01:00

Howden has announced the appointments of Marie Gustafsson as CEO, Sweden and Kristoffer Haleen as executive board director to lead its business in the region.

PIB Group Spain

Expansive PIB acquires Spanish broker Tractio

2022-05-17T13:03:00+01:00

Private equity-backed broker consolidator PIB Group had continued its European build-out with the acquisition of Spanish specialist broker Tractio.

FTI M&A

FTI: Russia-Ukraine and spiralling inflation hit European insurance M&A in Q1

2022-05-12T13:24:00+01:00

A combination of the conflict in Ukraine, rising interest rates and inflationary pressures has seen insurance deals in Europe fall year on year, according to consultancy firm FTI’s latest European Insurance M&A Barometer.

Oil Tanker

Spain’s €855mn oil spill judgment against insurers may not be valid in the UK

2022-05-10T07:04:00+01:00

EU rules on the mutual recognition of court judgments may prevent Spain from pursuing an €855mn ($900mn) judgment against insurers for a massive oil spill, the bloc’s highest court has been advised.

IM-BrownBrown-PatrickQuinlan-Bublin-Ireland

Brown & Brown to acquire Irish brokerage Patrick Quinlan

2022-04-29T22:13:00+01:00

Brown & Brown has entered into an agreement to acquire the general insurance operations of Dublin, Ireland-based Patrick Quinlan Insurance.

Antoine Gosset-Grainville Axa

Axa shareholders back appointment of Gosset-Grainville as chair

2022-04-29T07:12:00+01:00

Shareholders in Axa have backed the appointment of Antoine Gosset-Grainville as chairman and reappointed Thomas Buberl as CEO for another four-year term.

Zurich

Zurich highlights balance sheet strength as solvency ratio climbs to 212%

2022-04-29T06:41:00+01:00

European insurance giant Zurich said its solvency ratio improved by 23 percentage points over 2021 thanks to its strengthened capital generation and the improved economic environment.

Coverys International

Coverys launches Coverys International Insurance Company

2022-04-28T10:44:00+01:00

Medical professional liability specialist Coverys has announced the launch of a new Dublin-based operation.

Car crash

UK scraps EU’s controversial Vnuk law; prevents £2bn hike for insurers

2022-04-26T07:20:00+01:00

A bill to scrap controversial EU legislation that requires insurers to foot the bill for vehicle accidents on private land has passed through parliament, a move the government says will prevent a £2bn ($2.5bn) hike for the UK’s insurance industry.

TRYG Q1 results

Tryg posts record Q1 technical result but RSA Scandinavia drags on profitability

2022-04-26T07:32:00+01:00

Scandinavian insurer Tryg has posted a pre-tax profit of DKK204mn ($29.3mn) in the first quarter of 2022, with the result burdened by capital markets volatility that hit the overall investment result as well integration costs due to the RSA Scandinavia acquisition which completed last year.

Philippe Donnet – Generali

Norges, Deka and Ethos back Generali CEO Donnet as AGM gets closer

2022-04-25T13:46:00+01:00

Norway’s Norges Bank Investment Management, asset manager Deka Investments and Swiss sustainable investment fund Ethos have both signalled their intention to back the reappointment of Generali CEO Philippe Donnet at the insurer’s upcoming annual general meeting on 29 April.

AM Best Italy

AM Best goes negative on Italy’s non-life sector

2022-04-25T12:50:00+01:00

AM Best has revised its outlook for the Italian non-life insurance segment to negative from stable, citing economic uncertainty, declining underwriting profitability from the auto sector and elevated risk from concentrated investment portfolios.

Russia aviation

Russia re-registers 150 aircraft leased from foreign owners

2022-04-25T07:17:00+01:00

Approximately 150 foreign-leased aircraft have been re-registered by Russian authorities since the country’s invasion of Ukraine, according to aircraft fleet analyser IBA, a move which “violates international law” and adds further uncertainty over potential specialty insurance losses from the conflict.

Moses Ojeisekhoba Swiss Re

Deploying our risk knowledge to address threats in an interconnected world

2022-04-25T06:39:00+01:00

Swiss Re’s Moses Ojeisekhoba says (re)insurers must stay close to clients and deploy their risk knowledge to boost societal resilience in an increasingly interconnected world.

Generali HQ

Generali: Investors choose their side as AGM approaches

2022-04-22T06:51:00+01:00

There is now just a week to go until Italian insurance giant Generali’s long-awaited annual general meeting next Friday. With battle lines drawn between the incumbent board and the rebel investors, it is shaping up to be a titanic dual.

WTW

WTW adds CRB leaders in Poland and Switzerland

2022-04-20T14:33:00+01:00

WTW has unveiled two senior European hires, with Thomas Olaynig and Kilian Manz joining the broker from Marsh and Aon respectively.

Arnaud Mézière – Gallagher Re

Gallagher Re targets growth in France and Belgium with Mézière hire

2022-04-19T06:44:00+01:00

Gallagher Re has appointed Arnaud Mézière as executive director to lead the intermediary’s growth in the life reinsurance markets in France and Belgium.